Silgan Holdings Inc. $SLGN Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Silgan Holdings Inc. by 8.2%, acquiring an additional 250,577 shares, bringing its total ownership to approximately 3.10% of the company, valued at $169.3 million.
• Silgan recently reported quarterly earnings of $1.01 per share, missing analyst expectations by $0.02, while its revenue increased by 11.4% compared to the same period last year.
• The company also announced a quarterly dividend of $0.20 per share, with a current dividend yield of 1.8% and a payout ratio of 28.47%.

Dimensional Fund Advisors LP boosted its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,312,590 shares of the industrial products company's stock after acquiring an additional 250,577 shares during the quarter. Dimensional Fund Advisors LP owned 3.10% of Silgan worth $169,334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional purchased a new position in Silgan during the first quarter valued at $42,000. UMB Bank n.a. increased its stake in shares of Silgan by 254.9% during the first quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock worth $46,000 after purchasing an additional 645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Silgan during the 1st quarter worth about $51,000. GeoWealth Management LLC purchased a new position in Silgan in the 4th quarter valued at about $56,000. Finally, Continuum Advisory LLC boosted its holdings in Silgan by 2,754.3% in the 1st quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock worth $67,000 after buying an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

SLGN has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company raised their price objective on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Bank of America reaffirmed a "neutral" rating and set a $59.00 target price (up previously from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Citigroup raised their price target on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada lowered their price target on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Silgan has an average rating of "Buy" and an average target price of $62.44.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the transaction, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.13% of the company's stock.

Silgan Trading Down 0.9%

NYSE:SLGN traded down $0.44 on Monday, hitting $46.77. The stock had a trading volume of 81,418 shares, compared to its average volume of 798,440. The company has a fifty day moving average price of $52.03 and a two-hundred day moving average price of $52.19. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.18 and a beta of 0.69.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Equities research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.